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Increasing and diminishing returns
Increasing and diminishing returns The addition of more improvements to land and structures which increases value only to the assets' maximum value. Beyond that point, additional improvements no longer affect a property's value.
RELATED TERMS--------------------------------------
Land The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Value The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Point A point is 1 percent of the amount of the mortgage.
SIMILAR TERMS--------------------------------------
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Income property Real estate that is owned or operated to produce revenue
Income ratio The relationship between a person's total income and the amount needed to make one month's mortgage payment.
Income return The percentage of the total return that is generated by the income from operations of a property, fund or account
Incompetent An individual who is unable to handle his own affairs by reason of some medical condition (e.g., insanity, Alzheimer's).
Incorporeal right A nonpossessory right in real estate; for example, an easement or a right of-way.
Increasing and diminishing returns
Incurable defect A defect in a property that cannot be fixed, such as an adjacent hazardous waste site, or that would cost too much to repair relative to the value of the property.
Independent A brokerage firm operating on-its-own without an affiliation with a regional or national franchise.
Independent bank A bank that is locally owned and operated, and not associated with a bank holding company.
Independent contractor One who is retained to perform a certain act, but who is subject to the control and direction of another only as to the end result and not as to how he or she performs the act.
Independent Financial Adviser (IFA) A qualified professional who is not tied to any company and who can advise you on a range of products including mortgages, insurance and pensions from a range of providers.
This dictionary contains 6433 terms. |
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